University Fund

(1) The University shall establish a fund, which shall be called the University Fund. (2) The following shall be part of or paid into the University Fund: (a) Rents, contributions or grants made by the Central or State Government or any corporate body; (b) Trusts, bequests, donations, endowments and other grants, if any; (c) Income of the University from all sources including income received from fees and charges; (d) All other sums received by the University. (3) The University Fund shall be kept in any nationalized bank. (4) The said fund shall be operated by the Vice-Chancellor or Registrar of the University authorized for such purpose in such manner as may be prescribed by the Regulations.